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American Hotel Income Properties REIT 6 00 Convertible Unsecured Subordinated Debentures T.HOT.DB.V

Alternate Symbol(s):  AHOTF | T.HOT.UN

American Hotel Income Properties REIT LP is a trust that invests in hotel real estate properties. The company's primary business is owning Premium Branded hotels, which have franchise agreements with international hotel brands including Marriott, Hilton, and IHG. It generates revenue from the room, food, beverage, and other revenue. The other revenue is comprised of conference room rentals, parking revenues, and other incidental income.


TSX:HOT.DB.V - Post by User

Post by maypeterson Nov 19, 2018 9:37am
158 Views
Post# 28993444

RBC reduced price target by $1.25 to $6.00 USD

RBC reduced price target by $1.25 to $6.00 USD
November 18, 2018
AHIP REIT LP
 
On the sidelines following guidance cut and a lack of visibility; price target -$1.25 to $6.00

Our view: We are taking a cautious stance on AHIP's units following:

1) Q3 results which were 19% below forecast;
2) an 8% cut to 2018 guidance; and
3) significantly reduced visibility into 2019 earnings.

While we continue to support AHIP's strategic initiatives, we believe they will take longer to bear
fruit than previously expected. We also believe the initiatives may end up being more defensive in nature.

Price Target -$1.25 to $6.00; remain Sector Perform; assign Speculative Risk rating.
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